Stock Market update -Apr 16th

The market continued to pull back this week from the early March highs, as Implied Volatility starts rising. Next week kicks off earnings season and could influence the market direction, along with current geopolitical events. If we don't bounce, we could see the S&P test the recent lows of just under 2300.

Pops:  
Drops:  

We surpassed the $20 Trillion debt level in February! See Debt Clock on the left... 






All time lows:   ...
Mergers/Deals:   ...

Options watch:   S&P 500 Implied Volatility rising... 
Link to high IVR stocks   
High Options volume:   SPY, IWM, QQQ, AAPL, FB, BAC, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP
CBOE VIX Volatility Index 

Next week:  Economic reports,  
Earnings:       
M  -NFLX, UAL
T   -BAC, GS, IBM, JNJ, UNH
W -AXP, CSX, MS, QCOM
T  -V, VZ
F  -GE

This week's charts:


VIX  rising... Link


Links...
S&P 500 - still in a downtrend...
Gold was up again, closing near 1290
The 30 year Bond was up again, closing near 153.87
The US Dollar was down, closing near 100.50

NEWS:


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